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Every week, there are new updates and developments in the Cardano blockchain ecosystem. Therefore, Altcoin Buzz notes some of the important updates and developments from the fourth week in March to keep readers informed.
Last week, MuesliSwap DEX aggregator went live on mainnet. There is also a report on the price performance of projects on the Cardano ecosystem from last week.
1 – Wave Financial Collaborates With Emurgo and IOHK to Create $100 Million ADA Yield Fund
Wave Financial, an SEC-regulated investment company, announced it is setting up a Wave ADA Yield Fund. Wave Financial is also carrying out this initiative in collaboration with Emurgo, a Cardano-based blockchain technology company, and IOHK (Input Output Hong Kong), the technology firm behind Cardano.
Besides, the fund is commencing with $100 million, which will be used for providing liquidity and supporting new DeFi platforms existing in the Cardano ecosystem.
🔥 @wave_financial launches $100M ADA Yield Fund with support from @emurgo_io and @InputOutputHK.
The fund is to provide #liquidity and resources to facilitate the @CardanoStiftung DeFi ecosystem.#DeFi on #Cardano is going to be BIG 🚀
More info: https://t.co/Lsuhjx5NJ9 pic.twitter.com/J8z5k7zW2w
— Cardano Daily (@cardano_daily) March 30, 2022
2 – Price Performance of Projects on the Cardano Ecosystem
During the week, a CoinGecko report revealed the price performance (top gainers) of projects in the Cardano ecosystem. The report considers a seven-day time frame and is as follows:
- OccamFi ($OCC) enjoyed the most gain, recording a 104.2% rate of increase in price performance within the seven-day time frame.
- SingularityNET ($AGIX) has the second-best price performance, with a 101.6% rate of increase in price performance within the seven-day time frame.
- Cardano ($ADA) is third with a 34.1% rate of increase in price performance within the seven-day time frame.
- CardStarter ($CARDS) is fourth with a 24.8% rate of increase in price performance within the seven-day time frame.
- ADAX PRO ($ADAX) is also among the top five, with a 20.5% rate of increase in price performance within the seven-day time frame.
Price Performance Of #Cardano Projects Past 7D$OCC @OccamFi $AGIX @singularity_net $ADA @CardanoStiftung $CARDS @CardStarter $ADAX @adax_pro
$C3 @Oraclecharli3 $GERO @GeroWallet
$ORN @orion_protocol $DANA @ardanaproject $IAG @IagonOfficial #ADA #CardanoCommunity pic.twitter.com/zzsKb71Zkc— Cardano Daily (@cardano_daily) March 25, 2022
3 – MuesliSwap DEX Aggregator Is Now Live
MuesliSwap, a Cardano-supported decentralized exchange (DEX), announced that its first DEX aggregator is now live on mainnet. This is a significant development.
With the DEX aggregator feature, Cardano users will be able to trade and leverage the best price from different Cardano DEXes. Notably, users will be able to carry out the swap order directly through the MuesliSwap interface.
MuesliSwap also plans to integrate upcoming DEXes. With the increased competition, this new feature will be useful in simplifying user interaction.
Decentralization at its best. Trade over MuesliSwap and always get the best price, from whichever DEX protocol on the #Cardano Blockchain 🚀. Swap now: https://t.co/BbZUX96uvg pic.twitter.com/ZHZ7OWSUw5
— MuesliSwap (@MuesliSwapTeam) March 26, 2022
$ADA Price Outlook
As of the time of publication, Cardano’s price was $1.21 with a 24-hour trading volume of $1,370,677,345. ADA price also increased by 2.6% over the last 24 hours. Besides, it has a circulating supply of 32 billion ADA coins and a total supply of 45 billion.
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